Mon.Oct 26, 2020

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Pa. Bill Would Require Utilities to Credit Report All Payments

Account Recovery

A bill has been introduced in the Pennsylvania General Assembly that would require utility companies give consumers the option of opting in to have their payments reported to the three major credit reporting agencies as a means of helping consumers improve their credit scores. A copy of H.B. 2932, which was introduced by State Rep.

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OFAC Warns Companies About Facilitating Ransomware Payments

Troutman Sanders

Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory warning of the perils of facilitating ransomware payments involving malicious cyber-enabled activities. ” Those ransomware payments could be used to fund cyber actors or other sanctioned persons whose purpose or activities are adverse to U.S.

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I Refinanced My Mortgage. Here’s What Happened to My Credit Score

Nerd Wallet

As a growing number of friends gushed about how much they’d lowered their rates and monthly payments, we decided to look. We watched as the rates on both fixed-rate and adjustable-rate mortgages continued to slide to historic lows. Erin Hurd is a writer at NerdWallet. Email: ehurd@nerdwallet.com. The article I Refinanced My Mortgage.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

to extend protection of COVID-19 payments from garnishment and amend the required notice to judgment debtors to inform them of an additional category of exempt funds described as emergency relief payments. On October 16, the Virginia General Assembly voted to amend VA Code § 8.01-512.4 For more information, click here.

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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Dunning Letter with Zero Balance for Interest and Other Charges Not Misleading to Reasonable Unsophisticated Consumer under the FDCPA, Holds Seventh Circuit

Troutman Sanders

Payments Made: $0.00. The debt was then placed with a second agency, which sent the plaintiff its own collection letter that included an itemized breakdown of the debt, as follows: Balance Due at Charge-Off: $425.86. Interest: $0.00. Other Charges: $0.00. Current Balance: $425.86.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST